Ferrexpo (LON:FXPO) Shares Down 30.4% – Here’s Why

Ferrexpo plc (LON:FXPO) shares fell 30.4% during mid-day trading on Thursday . The company traded as low as GBX 67.80 ($0.85) and last traded at GBX 69.10 ($0.87). 19,404,246 shares traded hands during mid-day trading, an increase of 417% from the average session volume of 3,756,417 shares. The stock had previously closed at GBX 99.30 ($1.25).

Ferrexpo Stock Down 30.4 %

The firm has a market capitalization of £510.98 million, a price-to-earnings ratio of -9.24, a P/E/G ratio of -0.18 and a beta of 1.26. The business has a 50 day simple moving average of GBX 101.24 and a 200-day simple moving average of GBX 73.47. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.20 and a current ratio of 2.11.

About Ferrexpo

Ferrexpo is a Swiss headquartered iron ore company with assets in Ukraine and a premium listing on the London Stock Exchange in the FTSE 250 index (ticker FXPO). The Group produces high grade iron ore pellets, which are a premium product for the global steel industry and enable reduced carbon emissions and increased productivity for steelmakers when the Group’s iron ore pellets are converted into steel, compared to more commonly traded forms of iron ore.

Ferrexpo’s operations have been supplying the global steel industry for over 50 years, and in 2022 the Group produced 6.1 million tonnes of iron ore pellets, despite the war in Ukraine.